please answer both questions (don't have much questions left)

A company may either borrows $1,000,000 by issuing, at par, twenty-year, 10 percent bonds with semiannual coupons or obtain the $1,000,000 by undertaking a twenty-year mortgage with an implicit borrowing rate of 10 percent, the annual payments are $1,000,000/8.51356 = $117,460. If the bonds are held to maturity and the mortgage is not prepaid, i.e., both borrowings run their respective 20 year term, the total interest expense will be Multiple Choice o More under the mortgage financing O The same under both financing strategies 0 The difference is not material (less than $10) O More under the bond financing o None of the other alternatives are correct Jonny Walker purchases his first condominium downtown Toronto by obtaining a $200,000 mortgage loan from Borrowers Are Us Inc. Jonny Walker agrees to make monthly payments of $1,200. The interest rate applied to the unpaid balance is 6% per year. Prepare the amortization schedule to be used for this loan. What is the value of interest for month 3? Multiple Choice $1,200 O We need the effective interest rate to calculate this amount We need the coupon rate to calculate this amount $1,000 $998